An Incisive, In-depth Analysis on the Banana Flour Market
This study offers a comprehensive, 360 degree analysis on the Banana Flour market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Banana Flour market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Predominantly driven by the gluten-free wave trending in the food and beverages industry, alternative flours such as banana four are slated to witness steadily growing popularity over the next few years. The global banana market is expected to reach beyond the revenue worth US$ 735 Mn towards the end of 2027. Witnessing steady expansion at a CAGR of just under 4% over 2017-2027, banana flour market is poised to fetch growing consumption among consumers as well as end user segments in F&B sector.
According to a recent market research intelligence on banana flour, Future Market Insights expects that rising consumption of green (cooking) banana and soaring demand for banana flour for dressings, condiments, and sauces will prominently drive the growth of banana flour over the forecast period.
Global Brands and Local Manufacturers of Grain Flour Alternatives to Govern Competitive Landscape in Banana Flour Market
The global consumption of banana flour is forecast to surpass 400,000 MT by the end of 2027. The steadily growing demand for banana flour is catered by a large number of companies, which make the banana flour market a fragmented landscape. A majority of key companies competing in the global banana flour landscape are based in the US and hold key market presence across North America. Besides large players, a significant number of domestic enterprises or manufacturers of grain flour alternatives such as banana flour play a crucial role in shaping the competitive landscape of banana flour market.
Gluten-free and Mineral-rich Profile of Banana Flour to Push Consumption among Bakeries and Noodles Manufacturers
Banana flour as an alternative to wheat flour has been one of the common ingredients used in bakery sector, especially in Latin America and MEA. With growing awareness about rich magnesium, potassium, and manganese content of banana flour and the associated cost competitiveness, the bakery markets in other regions are also anticipated to generate decent demand for banana flour in the near future.
Moreover, a majority of African countries have been using cooking or green banana flour as a fiber-rich ingredient in noodles, which is witnessing further traction with the growing popularity of gluten-free noodles. Increasing focus of the gluten-free segment on large scale production of gluten-free noodles is most likely to boost the uptake of banana flour by the food industry.
Africa’s Lead for Green Banana and Banana Flour to Underpin MEA’s Massive Revenue Share in Banana Flour Market
Around 45% share of the total banana flour market revenue is accounted by MEA market for banana flour, which is majorly driven by East and West African regions. Consumption of green banana in countries such as Uganda and Tanzania is considerably high, as the population considers green banana as one of the prime carbohydrate sources.
Bakery sector in these regions also consumes notable volumes of green banana flour, of which the leftover is often exported overseas to international buyers based in the US, Europe, UAE, and Japan. While this underscores high potential business opportunities in East Africa for banana flour manufacturers, governments in African region that are initiating steps for production and promotion of banana flour will further complement the growth of banana flour market across MEA.
Banana Flour Consumption to Witness a Steady Surge Owing to an Edge over Other Sources of Resistant Starches
Banana flour is rich in resistant starch (RS) that resists the process of blood sugar breakdown, eventually reducing the blood glucose level. Moreover, research has proven the capability of RS in green banana flour to help in proliferation of gut-healthy microbial population, offering a wide range of benefits to the gut health promoting a healthy colon. Banana flour RS thus also serves as an effective probiotics carrier, boosting the immune system.
In addition, a considerable population across the early banana flour adoption regions consume banana flour as their regular weight reduction regime. Recently, the FDA categorized RS from banana flour as a dietary fiber. With increasing consumer awareness about the RS functional superiority of banana flour over other sources of RS such as banana will continue to provide green banana flour a distinct edge over counterparts – boosting the demand for banana flour in the near future.
Competition Tracking: Global Banana Flour Market
Among a large number of companies operating actively in the competitive landscape of global banana flour market, NuNatural Inc., Zuvii, NOW Health Group Inc., Diana Foods, ADM Wild Europe GmbH & Co. KG, and KADAC Pty Ltd constitute an important chunk of players. A majority of them will focus on effective marketing and promotional strategies, in addition to the extension of their gluten-free offerings portfolio.
Moreover, mergers and acquisitions targeting global expansion will remain a key strategy for a number of companies in banana flour market. A growing trend of fortified flours is expected to influence strategic developments in banana flour market in the near future. Furthermore, in an effort to maintain a stronghold in the food ingredients space, companies are expected to consider innovation as the key strategy.
IAG's NuBana brand specializes in an extensive range of different banana flour grades indigenous to Ecuador. The company promotes this banana flour range as a clean labeled functional ingredient, which is expected to open lucrative business opportunities within the food and beverages sector, especially for beverages, puddings, pasta, sauces, crackers, fruit fillings, cereal bars, and even baby food.
Exhaustive research report on banana flour market provides a comprehensive analysis on every facet of the market along with forecast highlights. This research report will give the reader an explicit understanding of the global market with which informed decisions can be chalked to stay in pace with the changing market scenario. It will introduce a broad gamut of aspects influencing the market along with vital segmental highlights, thus supporting the reader to identify major revenue pockets.
Global perspective at the doorstep
The research report on global banana flour market provides an exhaustive analysis on market shares, demand and supply analysis, sales volume and value analysis of various companies along with segmental analysis, with respect to important geographies of North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA) along with a regional breakdown. These regions are analysed keeping in view several aspects which influence the growth of the global banana flour market. The report contains an outline of forces which affect the global market scenario. This gives an idea of how to plan market entry strategies, establish connect with the various customers as well as target audience and to establish hold in that area. An unbiased holistic 3600 view of the global banana flour market is portrayed in this research study that supports the reader in making informed decisions based on strong data analysis and key recommendations.
Understand the competition
The research report on global banana flour market covers product portfolios, pipeline analysis of key companies, for instance as big as Zuvii, NuNatural Inc., and Diana Foods, their strategies to maintain their present scenario in the market, their global presence and future expansion plans, mergers and acquisitions, distribution channel analysis, pricing analysis, product positioning tactics, etc. An entire section is dedicated to competitive landscape which includes information on such major key players in the global banana flour market.
Exquisite research methodology applied to glean market data
A more robust, unique and effective research methodology has been followed by Future Market Insights in crafting the global banana flour market study which enables a near 100 percent accuracy in all angles. The research process uses primary research, secondary research and expert opinions to get a thorough understanding of the global market. Secondary research is the base of market understanding which is used to obtain a broad view of the market, based on which primary interviews are conducted and this stage is marked by data gleaning and analysis along with cross evaluations. Expert opinions are tabulated and the data is cross verified again. Thus, each data point is cross checked and re-evaluated as the primary interview stage progresses. This enables the analysts to carry out data crunching with optimum accuracy. With this study it is possible to obtain actionable intelligence with which the reader can take informed decisions and implement strategies.
Detailed Market Segmentation
Banana Flour Market Reports - Table of Contents
15. Forecast Factors: Relevance and Impact
16. Forecast Assumptions